Tax Reconciliation Report

As per the Tax Reporting User Guide, following are the details of Tax Reconciliation Report

This report lists the taxable and tax amounts, by tax account, of all Receivables transactions for a given period for identification and review of tax liability for various tax rate codes.

The Tax Account Low/High parameters will enable to select tax liability accounts from General Ledger. The report also provides all the transaction details from the Receivables to reconcile the Output Tax Account(s) with the General Ledger.

Tax Reconciliation Report shall also be used to prepare the Output Tax portion for filing periodic tax returns.